Goods in transit (marine transit insurance)

This policy covers the loss or damage to any goods, equipment, merchandise etc. of any description that the University owns or has responsibility for whilst the property is being transported overseas by a professional carrier.

Any shipment that exceeds the value of $50,000 must be notified to a minimum of two weeks prior to being sent.

Marine transit (Goods in transit) claim procedures

Should goods be received in a damaged condition or should there be any reason to suspect damage, the delivery receipt should be endorsed "goods received damaged" or "goods received suspect damage. Subject to survey in store", drawing the attention of the carrier to this endorsement. This prevents the carrier producing a "clean" delivery receipt after the event and claiming that the goods were delivered in a sound condition. For this reason, goods should always be checked carefully upon receipt.

Audit and Risk Management should be advised immediately so insurance assessors can be arranged if required. The following documentation will need to be produced to support a claim:

1. Delivery receipt
2. Original or carbon copy of the freight note
3. Invoices
4. Airway Bill or Bill of Landing if delivered from overseas
5. Carriers' conditions of carriage